# NPM: Phase 2 Drilling to Commence at Las Openas - Updated Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas-updated--dc673cd8-f107-4372-8df5-114b33b51b3b Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03153973 Publisher: asx Original announcement: 2026-10-18T23:57:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-19T00:11:31.599Z Atlas analysis updated: 2026-10-19T00:11:31.599Z - Company: NewPeak Metals Limited - Ticker: NPM - Exchange: ASX - Region: San Juan Province, Argentina - Primary commodity: Gold - Secondary commodities: Zinc, Silver, Lead - Document categories: Other, Drill results - Extracted: 2026-10-19 00:11:32 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary NewPeak Metals has commenced its Phase 2 diamond drilling program at the 100% owned Las Opeñas Gold Project in Argentina. The ~1,000m program is fully funded and aims to test for a higher-grade, gold-dominant core located west of previous Phase 1 holes. Reasoning: The announcement provides an update on the commencement of a new drilling phase rather than reporting new assay results, though it restates key historical intercepts to provide context for the new targets. - Positive factor: Phase 2 drilling has commenced - Positive factor: Program is fully funded - Positive factor: Targeting higher-grade core - Negative factor: No new assay results in this release Facts used in scoring: 15 ## Classification and evidence **Infill Drilling** Polarity: neutral Story-specific tag Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The announcement describes Phase 2 as a targeted program to define the higher-grade core, following Phase 1 discovery. Evidence · text > Phase 2 will now focus on defining the higher-grade core of the system. ## Extracted facts Stored fact records: 15. Some facts used in scoring do not have a stored record. ## Drill Results (15) ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas-updated--dc673cd8-f107-4372-8df5-114b33b51b3b#fact-drill-facts-0) Las Opeñas · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26-LODH-023 - Project: Las Opeñas - Commodity: gold - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.16 - Grade Unit: g/t - Intercept: 663 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-25T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical intercept restated for context. Evidence · text > All 663m @ 0.42g/t AuEq \(incl. 0.16g/t Au, 0.65% Zn, 4.53g/t Ag & 0.10% Pb\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Phase 1 delivered a genuine discovery, with two holes intersecting more than 650 metres of mineralisation from surface a" ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas-updated--dc673cd8-f107-4372-8df5-114b33b51b3b#fact-drill-facts-1) Las Opeñas · zinc Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26-LODH-023 - Project: Las Opeñas - Commodity: zinc - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.65 - Grade Unit: % - Intercept: 663 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-25T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical intercept restated for context. Evidence · text > 0.65% Zn #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Phase 1 delivered a genuine discovery, with two holes intersecting more than 650 metres of mineralisation from surface a" ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas-updated--dc673cd8-f107-4372-8df5-114b33b51b3b#fact-drill-facts-2) Las Opeñas · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26-LODH-023 - Project: Las Opeñas - Commodity: silver - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 4.53 - Grade Unit: g/t - Intercept: 663 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-25T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical intercept restated for context. Evidence · text > 4.53g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Phase 1 delivered a genuine discovery, with two holes intersecting more than 650 metres of mineralisation from surface a" ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas-updated--dc673cd8-f107-4372-8df5-114b33b51b3b#fact-drill-facts-3) Las Opeñas · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26-LODH-023 - Project: Las Opeñas - Commodity: lead - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.1 - Grade Unit: % - Intercept: 663 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-25T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical intercept restated for context. Evidence · text > 0.10% Pb #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Phase 1 delivered a genuine discovery, with two holes intersecting more than 650 metres of mineralisation from surface a" ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas-updated--dc673cd8-f107-4372-8df5-114b33b51b3b#fact-drill-facts-4) Las Opeñas · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26-LODH-023 - Project: Las Opeñas - Commodity: gold - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.5 - Grade Unit: g/t - Intercept: 84 m - From: 20 m - To: 104 m - Intercept Depth: 20 m #### Classification - Sample Type: drill - Group ID: 26-LODH-023:20-104 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-25T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical sub-interval restated for context. Evidence · text > 84m @ 0.72g/t AuEq \(incl. 0.50g/t Au, 0.60% Zn and 4.01g/t Ag\) from 20m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Phase 1 delivered a genuine discovery, with two holes intersecting more than 650 metres of mineralisation from surface a" ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas-updated--dc673cd8-f107-4372-8df5-114b33b51b3b#fact-drill-facts-5) Las Opeñas · zinc Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26-LODH-023 - Project: Las Opeñas - Commodity: zinc - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.6 - Grade Unit: % - Intercept: 84 m - From: 20 m - To: 104 m - Intercept Depth: 20 m #### Classification - Sample Type: drill - Group ID: 26-LODH-023:20-104 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-25T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical sub-interval restated for context. Evidence · text > 0.60% Zn #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Phase 1 delivered a genuine discovery, with two holes intersecting more than 650 metres of mineralisation from surface a" ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas-updated--dc673cd8-f107-4372-8df5-114b33b51b3b#fact-drill-facts-6) Las Opeñas · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26-LODH-023 - Project: Las Opeñas - Commodity: silver - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 4.01 - Grade Unit: g/t - Intercept: 84 m - From: 20 m - To: 104 m - Intercept Depth: 20 m #### Classification - Sample Type: drill - Group ID: 26-LODH-023:20-104 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-25T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical sub-interval restated for context. Evidence · text > 4.01g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Phase 1 delivered a genuine discovery, with two holes intersecting more than 650 metres of mineralisation from surface a" ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas-updated--dc673cd8-f107-4372-8df5-114b33b51b3b#fact-drill-facts-7) Las Opeñas · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26-LODH-023 - Project: Las Opeñas - Commodity: gold - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.34 - Grade Unit: g/t - Intercept: 283 m - From: 7 m - To: 290 m - Intercept Depth: 7 m #### Classification - Sample Type: drill - Group ID: 26-LODH-023:7-290 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-25T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical sub-interval restated for context. Evidence · text > 283m @ 0.67g/t AuEq \(incl. 0.34g/t Au, 0.84% Zn, 5.02g/t Ag & 0.14% Pb\) from 7m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Phase 1 delivered a genuine discovery, with two holes intersecting more than 650 metres of mineralisation from surface a" ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas-updated--dc673cd8-f107-4372-8df5-114b33b51b3b#fact-drill-facts-8) Las Opeñas · zinc Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26-LODH-023 - Project: Las Opeñas - Commodity: zinc - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.84 - Grade Unit: % - Intercept: 283 m - From: 7 m - To: 290 m - Intercept Depth: 7 m #### Classification - Sample Type: drill - Group ID: 26-LODH-023:7-290 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-25T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical sub-interval restated for context. Evidence · text > 0.84% Zn #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Phase 1 delivered a genuine discovery, with two holes intersecting more than 650 metres of mineralisation from surface a" ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas-updated--dc673cd8-f107-4372-8df5-114b33b51b3b#fact-drill-facts-9) Las Opeñas · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26-LODH-023 - Project: Las Opeñas - Commodity: silver - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 5.02 - Grade Unit: g/t - Intercept: 283 m - From: 7 m - To: 290 m - Intercept Depth: 7 m #### Classification - Sample Type: drill - Group ID: 26-LODH-023:7-290 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-25T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical sub-interval restated for context. Evidence · text > 5.02g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Phase 1 delivered a genuine discovery, with two holes intersecting more than 650 metres of mineralisation from surface a" ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas-updated--dc673cd8-f107-4372-8df5-114b33b51b3b#fact-drill-facts-10) Las Opeñas · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26-LODH-023 - Project: Las Opeñas - Commodity: lead - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.14 - Grade Unit: % - Intercept: 283 m - From: 7 m - To: 290 m - Intercept Depth: 7 m #### Classification - Sample Type: drill - Group ID: 26-LODH-023:7-290 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-25T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical sub-interval restated for context. Evidence · text > 0.14% Pb #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Phase 1 delivered a genuine discovery, with two holes intersecting more than 650 metres of mineralisation from surface a" ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas-updated--dc673cd8-f107-4372-8df5-114b33b51b3b#fact-drill-facts-11) Las Opeñas · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26-LODH-023 - Project: Las Opeñas - Commodity: gold - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.23 - Grade Unit: g/t - Intercept: 465 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-25T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical intercept restated for context. Evidence · text > 465m @ 0.50g/t AuEq \(incl. 0.23g/t Au, 0.70% Zn, 4.17g/t Ag & 0.11% Pb\) from surface #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Phase 1 delivered a genuine discovery, with two holes intersecting more than 650 metres of mineralisation from surface a" ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas-updated--dc673cd8-f107-4372-8df5-114b33b51b3b#fact-drill-facts-12) Las Opeñas · zinc Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26-LODH-023 - Project: Las Opeñas - Commodity: zinc - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.7 - Grade Unit: % - Intercept: 465 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-25T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical intercept restated for context. Evidence · text > 0.70% Zn #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Phase 1 delivered a genuine discovery, with two holes intersecting more than 650 metres of mineralisation from surface a" ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas-updated--dc673cd8-f107-4372-8df5-114b33b51b3b#fact-drill-facts-13) Las Opeñas · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26-LODH-023 - Project: Las Opeñas - Commodity: silver - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 4.17 - Grade Unit: g/t - Intercept: 465 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-25T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical intercept restated for context. Evidence · text > 4.17g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Phase 1 delivered a genuine discovery, with two holes intersecting more than 650 metres of mineralisation from surface a" ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas-updated--dc673cd8-f107-4372-8df5-114b33b51b3b#fact-drill-facts-14) Las Opeñas · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26-LODH-023 - Project: Las Opeñas - Commodity: lead - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.11 - Grade Unit: % - Intercept: 465 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-25T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical intercept restated for context. Evidence · text > 0.11% Pb #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Phase 1 delivered a genuine discovery, with two holes intersecting more than 650 metres of mineralisation from surface a" ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.